ChainCatcher news, Bitcoin stablecoin issuer Avalon Labs has recently completed a strategic round of financing, led by YZi Labs, with participation from Mirana, CE Innovation Capital, and GSR. The funds raised will be used to advance the platform's compliance process, including applying for regional financial licenses and preparing for public fundraising, aiming to lay the foundation for building an on-chain compliant Bitcoin financial institution. Avalon Labs stated that it will further expand its institutional lending business in the future, increase market coverage, and continue to promote the construction of Bitcoin financial infrastructure.In a previous announcement yesterday, YZi Labs announced its investment in Avalon Labs. According to its introduction, Avalon currently serves over 20,000 BTC, has more than 300,000 active users, and a total locked value exceeding $500 million. Its Bitcoin stablecoin USDa has become the second-largest CDP project on DeFiLlama.

ChainCatcher news, YZi Labs has invested in Avalon Labs, which is an on-chain capital market for Bitcoin, aiming to build a scalable, transparent, and accessible financial network to unlock the full economic potential of Bitcoin.As a Bitcoin stablecoin issuer, Avalon Labs is transforming Bitcoin from a passive store of value into a dynamic financial asset, driving the adoption and utility of global markets in the real world.

ChainCatcher news, Avalon Labs announced support for the BUIDL fund launched by Belayed through the Securitize platform, and will incorporate RWA returns into its yield-bearing Bitcoin stablecoin sUSDa. Users holding sUSDa can directly receive on-chain returns from U.S. Treasury bonds and Bitcoin, achieving dual yield growth.

ChainCatcher news, according to on-chain analyst The Data Nerd, an early investor/team member of Avalon deposited 3.5 million AVL tokens (approximately 1.58 million USD) to the Bybit exchange 7 hours ago.The wallet currently still holds 6 million AVL tokens (approximately 2.55 million USD).

ChainCatcher news, according to the announcement from Huobi HTX, Huobi HTX has opened the deposit service for AVL on February 12 at 18:45 (GMT+8). The AVL/USDT spot trading has been opened on February 12 at 19:30 (GMT+8). The withdrawal service for AVL will be opened on February 13 at 19:30 (GMT+8).It is reported that Avalon Labs is committed to building an on-chain financial center based on Bitcoin, providing various innovative solutions, including BTC collateralized lending, Bitcoin-backed stablecoins, interest-bearing accounts, and even credit card services. Its goal is to create a financial network with high scalability, transparency, and accessibility, helping Bitcoin holders fully leverage the potential of Bitcoin as an economic asset. AVL is the governance token of the Avalon Labs ecosystem.

ChainCatcher message, according to official news, MEXC has launched Avalon (AVL) in the innovation zone on February 12 at 18:00 (UTC+8), and opened the AVL/USDT trading market; at the same time, the AVLUSDT perpetual contract trading pair is also available, supporting 1-50x leverage, with both full margin and isolated margin modes.To celebrate the launch of Avalon (AVL), MEXC is holding an event from February 11, 2025, 18:00 to February 25, 2025, 18:00 (UTC+8) to share 152,750 AVL and 50,000 USDT.

ChainCatcher news, according to Cointelegraph, Avalon Labs is actively exploring the application to the U.S. Securities and Exchange Commission (SEC) for the industry's first Bitcoin collateralized debt obligation (CDO) listed fund, aiming to promote the compliance and popularization of Bitcoin financial products. Avalon Labs stated that this initiative is expected to lower the barriers for Bitcoin financial products to enter the mass market, providing a new pathway for the crypto industry to move towards the mainstream financial system.The co-founder of Avalon Labs successfully issued a dollar-denominated CDO listed fund approved by the SEC in 2021 and has since researched the feasibility of crypto companies issuing listed funds for several years. Avalon Labs indicated that it plans to collaborate with top U.S. law firms to assess the compliance framework for the fund and prepare the relevant application materials. If everything goes smoothly, the fund is expected to become an important milestone for Bitcoin financial products entering the traditional capital market, further promoting the development of crypto assets within a compliant framework.

ChainCatcher news, according to F2pool data, miners such as Shennma M30S, Avalon A1246, Antminer S17 Pro have all reached the shutdown coin price. Meanwhile, miners like Grayscale G7, Hippo H2, Antminer T19 are approaching the shutdown coin price.

ChainCatcher message, according to official news, MEXC will launch Avalon (AVL) in the innovation zone on February 12 at 18:00 (UTC+8), and open the AVL/USDT trading market.In addition, the AVLUSDT perpetual contract trading pair supports 1-50x leverage and allows for both cross and isolated margin modes. To celebrate the launch of Avalon (AVL), MEXC will hold an event from February 11, 2025, 18:00 to February 25, 2025, 18:00 (UTC+8) to distribute 152,750 AVL and 50,000 USDT.

ChainCatcher News: Ethereum's first base layer rollup network Taiko announces a collaboration with liquidity platform Avalon Labs to launch the brand new Taiko Takeoff program, giving Taiko users the opportunity to participate in an exclusive airdrop to promote the development of the network's decentralized finance (DeFi) ecosystem.As Avalon prepares for its token generation event (TGE), Taiko community members have the chance to participate and earn rewards, with users able to claim with zero Gas fees on the Taiko network.Ways for users to participate include:Staking TAIKO tokens on Avalon: Avalon Finance App;Registering and selecting TAIKO as the target chain: Avalon airdrop registration.

ChainCatcher message, Bitcoin stablecoin issuer Avalon Labs adds support for uniBTC assets. Users can use it as collateral to borrow other assets or recycle uniBTC for leveraged re-staking.

ChainCatcher news, Bitcoin stablecoin issuer Avalon Labs announced that the airdrop registration for its governance token AVL is now officially live. Users only need to complete chain selection and wallet entry to successfully register. On the day of the token TGE, users will be able to check the specific airdrop ratio.Avalon Labs successfully completed a $10 million Series A funding round led by the well-known venture capital firm Framework Ventures in 2024, and has now surpassed a total locked value (TVL) of $2 billion.

ChainCatcher news, stablecoin issuer Avalon Labs announced on its official blog that the TGE event for its governance token AVL will take place in early Q1, and the claiming process will open shortly thereafter. AVL will be listed on centralized exchanges (CEX) simultaneously with the TGE.The circulating supply of AVL will evolve continuously based on strategic factors to ensure alignment with the growth of the platform and the expansion of the ecosystem. The main drivers of AVL supply include: token redemption plans, protocol growth, yield incentives, strategic partnerships, and growth-oriented funding. The total supply cap for AVL tokens is 1 billion, with 30% allocated for community incentives, 20% for airdrop distribution, 16% for ecosystem and treasury distribution, 10% for team allocation, 4% for advisor allocation, 2% for initial liquidity allocation, and 18% for investor allocation.According to data from the crypto platform RootData, stablecoin USDa issuer Avalon Labs has completed a $10 million Series A funding round, led by Framework Ventures.

ChainCatcher news, Canaan Creative announced that its wholly-owned subsidiary Canaan U.S. Inc. has signed a procurement agreement with a new strategic U.S. customer to supply 2,800 air-cooled Avalon A15XP mining machines. These mining machines have a hash performance of 207 Terahash per second (TH/s) and are expected to be delivered in the first quarter of 2025.

ChainCatcher news, according to CoinDesk, the Bitcoin-based stablecoin USDa issuer Avalon Labs has completed a $10 million Series A funding round, led by Framework Ventures, with participation from UXTO Management, Presto Labs, and Kenetic Capital.Avalon's goal is to evolve BTC from a digital store of value into a more active financial tool that can meet various different uses. In addition to the stablecoin, Avalon also offers Bitcoin-backed loans, interest-generating savings accounts, and credit cards.

ChainCatcher news, Avalon Labs (formerly known as Avalon Finance) announced on their official Twitter that a coordinated attack targeting multiple projects within the ecosystem has been discovered, with these projects being maliciously reported as phishing sites.Avalon Labs stated that its operations have not been affected and has reported this behavior to Cloudflare, actively reaching out to relevant parties to address such malicious accusations.

ChainCatcher news, according to official sources, Lista DAO has initiated a new proposal aimed at allocating 1 million lisUSD to Avalon Labs' Lista Market to promote liquidity and adoption. At the same time, the requirement for a formal proposal to adjust the cancellation of lisUSD supply and PSM allocation has been simplified in the governance process.The advantages of this proposal lie in improving liquidity and operational efficiency, adapting more quickly to market changes, and driving ecosystem expansion and growth. Voting period: December 3, 2024, 18:52 to December 6, 2024, 18:52 (UTC+8)

ChainCatcher news, Matrixdock, a leading RWA tokenization platform under Matrixport, announced a partnership with Avalon Finance, making its gold token XAUm the first RWA token supported for collateralized lending by Avalon Finance. XAUm holders can stake XAUm on the Avalon Finance platform on the BNB chain to borrow USDT or USDC, with a collateralization ratio of 70%.Avalon Labs is building a premier on-chain financial center for the Bitcoin ecosystem, offering a seamless ecosystem that includes lending services backed by BTC, Bitcoin-supported stablecoins, yield-generating accounts, and diversified products such as credit cards.Matrixdock will continue to explore collaborations with industry ecosystem projects to create more application scenarios for its high-quality DeFi collateral asset XAUm, helping investors achieve higher capital utilization.

ChainCatcher news, according to official sources, Bitcoin mining company HIVE Digital announced the purchase of 5,000 Avalon A15-194T ASIC miners from Canaan Inc.It is reported that this latest acquisition is based on the announcement made earlier this month to purchase 6,500 Avalon miners, bringing the total number of new Avalon ASIC miners ordered by HIVE Digital in November to 11,500.

ChainCatcher news, according to The Block, ASIC miner manufacturer Canaan's Singapore subsidiary has signed a procurement agreement for Avalon A1566 miners with HIVE Digital. Following the announcement, Canaan's stock price surged by 40%.According to the agreement, Canaan will provide HIVE with 6,500 units of the A1566 miners with a computing power of 185 TH/s, of which 500 units have been delivered and are planned for installation, while the remaining 6,000 units will be delivered in four batches from December 2024 to March 2025.In addition, HIVE Digital's 100 MW expansion project in Paraguay has commenced, expected to be operational in the third quarter of 2025, targeting a computing power of 12.5 EH/s, with a mining farm efficiency of 17.6 J/TH. As of now, Canaan (CAN) stock price has risen by 38% to $1.74, with a market capitalization of $499 million; HIVE Digital (HIVE) stock price has increased by 17% to $5.44.